ch 4 - Question 1 Current assets(1 point Student response...

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Question 1 (1 point) Current assets Student response: Student Response Answer Choices a. include cash, accounts receivabl e, and inventory b. include cash and other assets that will be used up within one year c. sometime s include assets that will be converted to cash or consumed over a period that exceeds one year d. include all of the above answers Score: 0 / 1
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Question 2 (1 point) Revenues indicate Student response: Student Response Answer Choices a. the sales price of goods and services sold during a period b. how much cash was received from the sales during a period c. the cost of resources consumed in producing and selling goods and services sold during a period d. the net income earned during a period
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Score: 0 / 1 Question 3 (1 point) Costs directly associated with specific goods are Student response: Student Response Answer Choices a. period costs b. product costs c. past period costs d. prepaid costs Score: 1 / 1 Question 4 (1 point) Changes that result from profits earned, dividends paid, and stock issued are reported on
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Student Response Answer Choices a. the balance sheet b. the income
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This note was uploaded on 04/29/2010 for the course ACCT 5031 taught by Professor Rusth during the Fall '09 term at University of Houston.

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ch 4 - Question 1 Current assets(1 point Student response...

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